Industrial

The Corning and General Electric-backed advanced glass producer has secured $100m including $50m from TIAA Investments at a valuation of almost $1bn.

Hexcel has now provided more than $25m of strategic funding for thermoplastic parts producer Oxford Performance Materials, which will now expand manufacturing capacity.

A range of corporates invested in the $75m round closed by SoundHound last week, as the company looks to fully establish and grow its conversational AI network.

Henkel has disclosed its has invested $10.4m into two venture capital funds in addition to making direct investments in two technology producers.

GE Ventures has taken part in a round sized at about $14m, taking the manufacturing services platform's total funding to $23m.

Kinestral Technologies has closed a series C round led by AGC Asahi Glass, the strategic partner that will help it market and sell its responsive tinting glass.

The success of the smart doorbell producer, which is backed by Qualcomm, JF Shea and American Family, indicates the potential for internet-of-things startups in the home sphere.

CoorsTek, JSR, Mitsubishi Chemical, Sekisui Chemical, Henkel and Lam Research have contributed as Pangaea's latest fund reaches about halfway towards its $80m target.